In February 2016, Murray Goulburn announced a net profit of AUD$10 million for the six months ended 31 December 2015. This was a 34.1 per cent drop on the previous 2014 corresponding period.

At the time, Murray Goulburn Managing Director, Gary Helou, attributed the profit drop to a number of factors including low milk prices, a decline in Chinese imports of commodity dairy ingredients and the Russian embargo on dairy imports.

Murray Goulburn owns the Devondale brand which is used to sell milk, butter and other dairy products in Australian supermarkets.